Lender forgave payments to avert Mozilo PR crisis, borrower insists

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Lender forgave payments to avert Mozilo PR crisis, borrower insists

Lender forgave payments to avert Mozilo PR crisis, borrower insists

I wouldn’t be surprised if these letters are being re-created…recall this?  In Re: SHARON DIANE HILL | PA BK Court, Fraud Upon Court, “ReCreated” Letters, Sanctions, Countrywide, GMM and Puida

LA Times-

Daniel A. Bailey Jr. isn’t your average homeowner. He hasn’t paid his mortgage in more than five years, and has no plans to start now.

His stance stems from a bizarre incident that thrust Bailey into the news in 2008, when he suddenly became a public relations liability for embattled home lender Countrywide Financial of Calabasas.

Bailey had blanketed Countrywide with emails begging for a mortgage modification. The reply came from none other than Angelo Mozilo, Countrywide’s chief executive, who accidentally hit “reply” instead of “forward” on a note meant for colleagues. In the misfired missive, Mozilo called Bailey’s letter a “disgusting” and “unbelievable” example of the form letters then inundating the lender from borrowers saying they couldn’t pay.

[LA TIMES]

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One Response to “Lender forgave payments to avert Mozilo PR crisis, borrower insists”

  1. Sarah says:

    It’s too bad Mozilla hogged the limelight. There are so many other folks in lending-larceny-land who completely got away with it.

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